ROYAL SUNDARAM CAR INSURANCE PREMIUM CALCULATOR

What is a Car Insurance Premium Calculator?

A car insurance premium calculator will help you figure out how much a car insurance policy will cost you. This tool enables you to compare various insurance policies offered by multiple insurers. Just enter a few details about your car and calculate the premium for Royal Sundaram car insurance policy in a single click.

How To Use a Car Insurance Premium Calculator?

1. Enter car details such as model, fuel type, and registration details as per the registration certificate (RC)
2. Enter the previous year’s policy details and claim details (if any)
3. Select the add-ons of your choice (if applicable)
4. Car insurance premium calculator will now display quotations from multiple insurers
5. Compare premiums and benefits of the displayed plans and select the best fit
6. Calculate Now

Benefits of Using A Car Insurance Premium Calculator

Buy Online: When you buy insurance online, you can compare plans from various insurers to choose the most cost-effective plan.The icing on the cake? It is easy, fast, and paperless!

Easy, Quick, and Paperless: Car Insurance Calculator is quick, simple, and requires no math. The tool is fully digital and does not require any paperwork.

Suitable Premium Plans: Themain aim of buying an insurance policy is to get the best coverage at the most affordable premium. The premium calculator helps you to select the best plan according to your needs with premiums that suit your pockets.

Best IDV- IDV value helps to determine the correct compensation amount for your vehicle, it is essentially the market value of your car which serves as the claim settlement amount in the event of theft or total loss of the vehicle. The premium calculator calculates the correct IDV for your car depending on its make, model, and age. Know more about IDV.

Tips To Reduce Car Insurance Premiums

Compare Plans: Always compare the benefits and premiums offered by multiple insurers before buying insurance. You can compare vehicle insurance premiums from numerous insurers with Quickinsure and choose the best coverage for you. Experts at Quickinsure can help you understand the benefits of all plans and select the best coverage. Get in touch with us today!

NCB Transfer: Transfer the No Claim Bonus you have earned to your new vehicle policy to save more on the premium towards your new car’s insurance policy.

Anti-Theft Equipment: Anti-theft devices in your car reduce the chances of your car being stolen. This reduces the insurer’s liability. So, if you have installed anti-theft devices certified by the Automotive Research Association of India (ARAI), you are eligible for a discount on your premiums.

Voluntary Deductibles: Deductibles are the amount paid by the policyholder when making a claim.Increasing your deductibles or opting for voluntary deductibles can help you save money on vehicle insurance. If your deductible is zero, your insurer will cover the entire claim amount in the event of an accident, but your premium will be higher. The higher your deductible, the lower your insurance cost will be. If you are confident in your driving abilities or do not drive regularly, a higher deductible may be a smart option for lowering your premiums.

Factors That Affect Your Car Insurance Premium

Depreciation: Depreciation is the gradual loss of an asset's value due to normal wear and tear over time. As the car grows older, its value decreases and thus premium also decreases.

IDV: IDV is the current market value of the car. The value decreases every year due to depreciation. The older the car, the less the value of the car. This means that insuring an old vehicle will be less expensive than insuring a new vehicle.

Cubic Capacity: The higher the engine’s cubic capacity, the higher the risk to the insurer. So, the premium for cars with higher cubic capacity tends to be on the higher side.

No Claim Bonus: If you are purchasing auto insurance for the first time, your driving history will have no bearing. For people who have filed a car insurance claim against their policy, the cost of car insurance will rise. However, if the policyholder has never filed a claim before, he or she will be eligible for a discount known as the No Claim Bonus (NCB). This discount is cumulative, increasing with each claim-free year. NCB can reach and stay up to a 50% discount on the car insurance premium and drops to zero when a claim is raised.

Frequently Asked Questions

1. Which addon cover is a must-buy for my new car?

The add-on covers that are highly recommended for brand new and top-end cars are Zero Depreciation cover and Return to Invoice cover. Check premiums for these addons with Quickinsure Premium Calculator today.

2. I don’t want to buy an insurance policy; I only want the roadside assistance addon cover. How to buy a single add-on cover?

You cannot buy just addon covers. Addon covers come as an added feature of your insurance policy. You can only buy it when you’re buying a comprehensive or SAOD insurance policy.

3. How are third-party insurance premium rates calculated?

Third-party premiums are calculated on the basis of the cubic capacity of the vehicle according to the slabs pre-decided by the government. This is why TP rates are the same for a particular vehicle with any insurer.

4. What are add-on covers provided by Royal Sundaram?

Royal Sundaram General Insurance Company provides a variety of add-ons including depreciation waiver cover, vehicle replacement value plus, windshield glass cover, loss of baggage cover, and more. Find out more details about Royal Sundaram car insurance add-on covers with a detailed article.